Jet charter merchant accounts

Even though many jet charter companies have been doing business for years, these businesses often struggle with payment systems. This is because many financial institutions label these companies as high-risk. Even if a jet charter company can get a merchant account with a bank, the company is often subject to monthly transaction limits. At EMB, we focus on helping many merchants labeled as high-risk.

Jet charter companies provide high-value services. It’s not uncommon for flights to run into tens of thousands of dollars. The higher the value of a transaction, the more likely a buyer is to later experience a change of heart and claim a chargeback with his or her bank. Another challenge faced by jet charters is that many flights are booked online or over the phone using “Card-Not-Present” transactions, which experience increased rates of fraud when compared to in-person payments. Third, due to things like unexpected events and changes of heart, people cancel jet charters at the last minute for many reasons. Because these purchasers are unable to get refunds because they canceled too late, these purchasers often file chargebacks against the jet charter company. Fourth, it’s very costly to operate a jet charter business. The substantial costs associated with operating a jet charter company mean jet charter companies face an elevated risk of bankruptcy. Many financial institutes steer clear of businesses that havee a good chance of going bankrupt.

Merchant accounts like the ones offered by EMB are highly beneficial for jet charter companies. This is true whether a jet charter company is new or managing an existing service. Utilizing a merchant account as a jet charter company lets the company work with a provider who appreciates the associated high risk. Additionally, high-risk merchant account providers like EMB are better situated to respond to higher chargeback rates. Lastly, many jet charter bookings do not receive adequate attention from traditional processors, but this is not the case with merchant accounts.

EMB offers charter companies the chance to grow with flexibility in credit processing. Our merchant account team has substantial experience handling the charter industry and can often provide a way to increase processing volume every few months. EMB’s team also works with merchants who successfully maintain low chargeback ratios, pay bills, and save funds. These entities can often successfully request a higher volume cap in as short as three minutes.

To successfully tackle chargebacks, jet charter companies should create techniques for addressing chargebacks before they disrupt business. One, maintaining detailed records of transactions is a wise idea. Being able to establish to financial institutes that the client reserved and paid for services can help defeat chargebacks. It’s also a good idea to build a good rapport with customers to reduce chargebacks. Many customers fail to recognize or remember transactions on credit statements. Including merchant contact information on electronic receipts and sending customer satisfaction surveys are two great ways to make sure that consumers remember the company.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.